Global Solvents Market, By Source (Petrochemical-Based Solvents, Bio & Green Solvents), Type (Oxygenated Solvents, Esters, Ketones, Glycol Ethers, Glycol), Application (Paints & Coatings, Pharmaceuticals, Polymer Manufacturing, Adhesives, Printing Inks, Metal Cleaning, Personal Care), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Solvents Market
The Global Solvents Market is expected to reach USD 51.65 billion by 2025, from USD 38.36 billion in 2017 growing at a CAGR of 3.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Solvents Market
Solvents are chemicals, which form a solution when they are dissolved in a chemically different solute. In a solution, there is a uniform distribution of molecules and the proper mixing of solute & solvents. Organic solvents are mainly used in all traditional solvent applications and in manufacturing industries. Whereas, conventional solvents on the other hand can be classified into chlorinated solvents, ketones, glycol ethers, hydrocarbons, acetate esters and alcohols based on their chemical composition. The extensively used applications of solvents are pharmaceuticals, sealant & adhesives and printing-inks. There is an abundant requirement of paints & coatings by the construction industries, which is a major factor for the exemplary growth of the market.
- Demand from construction and automotive industry
- Oxygenated based industrial solvents
- Environmental regulations to reduce VOC (volatile organic compounds) emissions
- Industries shifting focus to green solvents
- Effects of petrochemical-based solvents
- High production cost and performance issue
Segmentation: Global Solvents Market
- Petrochemical-Based Solvents
- Bio & Green Solvents
- Oxygenated Solvents
- Glycol Ethers
- Hydrocarbon Solvents
- Halogenated Solvents
- Acetic Acid
- Paints & Coatings
- Polymer Manufacturing
- Printing Inks
- Metal Cleaning
- Personal Care
- Agricultural Chemicals
- Other Applications
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
Competitive Landscape: Global Solvents Market
The global solvents market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. In July, 2018, Brilliant polymers launched a new innovative solvent-free adhesive which are very flexible for packaging application.
The report includes market shares of solvents market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Solvents Market
The key players operating in the global solvents market are –
- Royal Dutch Shell PLC
- Eastman Chemical Company
- BASF SE
- Exxon Mobil Corporation
- LyondellBasell Industries Holdings B.V.
The other players in the market are Ashland, Celanese Corporation, Huntsman International LLC., Solvay, Honeywell International Inc., INEOS, Arkema SA, Bharat Petroleum Corporation Limited, BP p.l.c., Cargill, Incorporated, Chevron Phillips Chemical Company, DowDuPont, Flotek Industries, INVISTA, Monument Chemical, Olin Corporation, Reliance Industries Limited and TOP SOLVENT CO., LTD.
Research Methodology: Global Solvents Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global solvents market.
- Analyze and forecast solvents market on the basis of source, type and application.
- Trends of key regional and country-level markets for source, type and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.